Delhi
Union urban development minister Kamal Nath evoked a sense of urgency concerning the complete process of review of the city’s master plan by insisting that vertical development is the only way to go and the planning concerning this should be initiated by the market forces. He also said that if there are no high-rises in [...] Continue Reading »
The Delhi Government has approved the sale and purchase of 320 unauthorised colonies. These lands were regularised earlier this month and will be on sale in a day or two. This decision was taken in a meeting by the Task Force organised to address issues relating to the unauthorised colonies. Chief Minister Shiela Dixit said [...] Continue Reading »
Residents are facing inconvenience due to unmanned gates blocking access to colonies and commuters are forced to take diversion since the gates are locked during the night and often during the day. Azhar Jamal, a resident, said that the unmanned gates do not have security personnel and a request has been sent to the Resident [...] Continue Reading »
Real estate consultants Cushman & Wakefield, in its report entitled ‘Indian Hospitality Story 2012 & Beyond’ has mentioned that the top six cities of the country will witness around 50,000 hotel rooms added over the next five years. The report evaluates the hospitality sector situation in the metros of Mumbai, Delhi, Kolkata, Bangalore, Chennai, and [...] Continue Reading »
The residential real estate index prepared by the National Housing Bank (NHB), the housing prices in 16 cities including Delhi, Mumbai, Chennai, Bangalore, Pune, and Kolkata improved in the quarter ending June 2012, compared to the previous quarter ending March 2012. The prices of residential properties in 16 cities have shown an increasing trend in [...] Continue Reading »
Civic authorities in Delhi have taken a strong stand against property tax defaulters. The South corporation has attached the bank accounts of 114 properties, which have been defaulters. People and organisations with the highest amount of pending payments have been targeted by the authorities. Most of them had not paid taxes for years despite repeated [...] Continue Reading »
RIL (Reliance Industries Limited) is set to come up with a mall in Delhi. According to sources, RIL will use the land Mukesh Ambani won in a Delhi Development Authority bid for around Rs.400 crore in 2007 to construct its 720,000 sq ft commercial complex at Alaknanda. RIL plans to accommodate two- fifth of the [...] Continue Reading »
Major relief is provided to around 40 lakh people in Delhi, as the Centre has given green signal to Delhi Government to regularise around 900 unauthorised colonies. These colonies were given provisional regularisation certificates ahead of assembly polls in 2008. CM Sheila Dikshit‘s Parliamentary Secretary Mukesh Sharma stated that Delhi Government would issue a notification [...] Continue Reading »
The Bharatiya Janata Party seems to have stand by the apartment owners of Delhi. The political party has backed the 22 lakh apartment owners in the Capital by demanding that the Delhi Government should immediately implement the provisions of the Delhi Apartment Ownership(DAO) Act, 1986. Till now representatives of Delhi Residents’ Front, the federation of [...] Continue Reading »
The US government has hired property consultancy Knight Frank to carry out a valuation and review of all its real estate properties in India. The properties, valued at thousands of crores, were acquired over the years at low rates and the recent move may indicate possible sale of some assets in the future. The properties [...] Continue Reading »
